Question
Anne is wants to retire in 35 years. She believes that she will need to save $2 million to live comfortably in her retirement years.
Anne is wants to retire in 35 years. She believes that she will need to save $2 million to live comfortably in her retirement years. Assuming that she plans to invest $1000 at the beginning of each month, find the annual rate of return the account must provide for Anne to reach her goal.
7.52% | ||
7.39% | ||
7.44% | ||
7.41% | ||
7.85% |
You just bought a $60,000 car. You made a 10% down payment and financed the rest using a 3%, 72 month loan. Find the amount of interest you'd pay over the life of the loan if you made the minimum monthly payment over the life of the loan. Round intermediate steps to four decimals. Do not use the dollar sign when entering your answer.
4067.56 | ||
5073.01 | ||
5809.59 | ||
5473 | ||
5636.68 |
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